On Track Innovations Ltd. announced COPNI Wave, a plug-in that enables NFC for consumers and business.

OTI’s COPNI Wave version enables issuers to offer an NFC accessory to support mobile payments without the need to open or install anything in the phone. The COPNI Wave delivers mobile payment solution to mobile communications providers, banks, retail merchants, or any other business.

COPNI Wave was developed as an add-on to mobile phones that plugs into a device’s existing headphone jack, while still maintaining the ability to connect the headphone in parallel to the device, so consumers can listen to music and use COPNI Wave to pay at the same time.

Potential applications include:

• Transportation – instead of presenting cash or swiping a card at a turnstile or in a taxi, consumers just tap their phone near a contactless reader to proceed.
• Information retrieval – consumers can view the current balance of their mobile wallet, and use their mobile handsets to review or download information from their surroundings.
• Digital coupons – coupons or monetary rewards can be downloaded to mobile devices and instantly redeemed in retail stores at checkout counters.

The solution will be unveiled at the CARTES 2012 Exhibition & Conference, Nov. 6-8, in Paris.